How would a Money Management Coaching Session benefit my student?
SMMC representatives strive to help students gain the financial knowledge and skills they need to successfully manage their financial lives. Sessions are focused on the areas of immediate interest to the individual student. Thus, no two sessions are alike. However, during all sessions SMMC representatives focus on helping students achieve a successful financial life, including:
- Learning how to wisely spend and save their money throughout their college careers
- Increasing their knowledge in important financial topics and building their money management skills
- Helping them understand how to manage credit and debt
- Most importantly, helping them acquire the skills they need to be financially successful throughout their lives
Money management coaching sessions involve basic financial education and finding solutions to financial challenges.
Who are the people my student would meet with?
Your student will meet with a Money Management Mentor. Our Money Management Mentors go through extensive financial education and mentoring training. Money Management Mentors are trained, evaluated, and backed up by our Program Coordinator, a Certified Personal Financial Manager.
Money management coaching sessions have been proven to be extremely effective. Students that participate in these sessions report they gained important financial knowledge because they felt comfortable and their Money Management Mentor really listened to their concerns and offered relevant solutions.
What CAN'T SMMC representatives do for my student?
SMMC representatives cannot do the following:
- Do financial tasks for students
- Make financial decisions for students
- Sell financial products or services during mentoring sessions
- Venture into money management education areas beyond the scope of the University of Nebraska Student Money Management Program
What if my student has a problem a Money Management Mentor cannot solve?
If the student needs more in depth financial help than a Money Management Mentor can provide, they will be referred to an appropriate university or community organization for more detailed information. If the student is experiencing psychological, behavioral or situational problems, such as family issues or a gambling habit, they will be referred to the appropriate professional.
What should my student bring to their money management coaching session?
They should bring anything that they think will help SMMC representatives understand their financial situation. This could include:
- Bank account statements
- Credit card statements
- Loan information
- A list of expenses and income
How often does my student need to attend Money Management Coaching sessions?
Your student should meet with their designated SMMC representative regularly until they feel they have the knowledge and skills to successfully manage their financial life. Students can schedule an appointment online and choose which day and time works best for them.
Is there any cost for Money Management Coaching sessions?
No, all services offered by the Student Money Management Center are free of charge for UNL students.